National Association of Realtors

JANUARY 24, 2022

The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, with REALTORS® saying that 19% of buyers waived the inspection contingency in December 2021, down from 27% in July, and 21% waived the appraisal contingency, down from 29% in June.

Inspection 80

Inspection Contracts Realtors Buyers 80

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Miller Samuel

MARCH 17, 2021

The New York to Florida housing migration story has been a bit one sided with optics that suggest 9 people will be left in Manhattan by the summer time despite that Manhattan contract activity beginning to surge. On the other hand Florida sales activity continues to be frenzied.

Contracts 372

Contracts Real Estate Appraisal 372

Appraiserblogs

APRIL 10, 2023

The article titled “FHFA Data Fueling Looks into Appraisal Bias” was in the Inside Mortgage Finance Publications e-newsletter on 4/06/23. According to aggregate statistics from the Uniform Appraisal Dataset released by the FHFA, roughly 57% of appraisals were above the contract price in 2021.

Appraisal 116

Appraisal Contracts Valuation Finance 116

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

Appraisal 403

Appraisal Inspection Real Estate Agent Training 403

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. Non-traditional appraisals to the rescue. Fannie Mae also included efforts to “modernize” appraisals in its equity plans.

Appraisal 308

Appraisal Valuation Inspection Law 308

Appraisal Buzz

OCTOBER 28, 2021

Month-over-month, contract signings fell 2.3% The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on DSNews. The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on Appraisal Buzz. The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on Appraisal Buzz.

Inventory 150

Inventory Contracts Appraisal 150

Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It He reentered the appraisal business through a different door. He reentered the appraisal business through a different door. It fit well.

Appraisal 401

Appraisal Valuation Business Contracts 401

Housing Wire

MAY 27, 2022

By combining the power of emerging technologies like artificial intelligence (AI) and machine learning (ML) with a true commitment to diversity at every stage of the valuation chain, we can build a consciously unbiased appraisal system that delivers more equitable and accurate conclusions.

Appraisal 353

Appraisal Valuation Technology Modernization 353

Appraisal Today

MAY 24, 2024

8 Common Violations Made by Appraisers By Dan Bradley When it comes to appraisal non-compliance with USPAP, certain violations are, unfortunately, somewhat common… I have compiled this list based on many years of personal experience as a reviewer and a state regulator, as well as feedback I have received from other states’ enforcement agencies.

Appraisal 81

Appraisal Contracts Mortgage Reconsideration of Value 81

McKissock

APRIL 23, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career.

Appraisal 89

Appraisal Inspection Real Estate Business 89

Housing Wire

NOVEMBER 5, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Single-family homebuyers who entered contract, meanwhile, slalomed to 12 total in July compared to 46 a year earlier, per the report. Aspen, Colorado. Of those 12 homes purchased, 10 cost at least $5 million.

Housing Market 414

Housing Market Marketing Real Estate Agent Contracts 414

McKissock

AUGUST 24, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career.

Appraisal 52

Appraisal Contracts Real Estate Valuation 52

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

Appraisal 77

Appraisal Contracts Business Construction 77

Miller Samuel

FEBRUARY 24, 2021

The next board meeting is coming up tomorrow and Friday, and it is a seminal moment for the Appraisal Institute. It is where the BOD gets to vote on Jim Amorin's new contract that the entire board has not seen. You can't vote on a contract in good conscience, if you haven't seen it or been exposed the the key terms.

Appraisal 259

Appraisal Design Contracts Real Estate 259

McKissock

DECEMBER 21, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career.

Appraisal 59

Appraisal Development Contracts Real Estate 59

Appraisal Today

APRIL 12, 2024

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Similarly, while not identical, appraisers generally use the cited sources above to identify the physical characteristics of comparable sales in their appraisals.

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Buzz

JANUARY 27, 2022

regions posted both month-over-month and year-over-year drops in contract activity. An index of 100 is equal to the level of contract activity in 2001. “Pending home sales faded toward the end of 2021, as a. Decrease in Pending Home Sales in December appeared first on Appraisal Buzz. All four major U.S.

Housing Market 195

Housing Market Contracts Marketing Realtors 195

Housing Wire

OCTOBER 4, 2023

The effects on each industry segment were disparate, the most recently available data for 2021 shows. Business Dynamic Statistics data reveal that 2021 was a year of major growth for homebuilders but steep contraction for landlords (called “lessors” in the BDS). loss, in 2021. That total was a 4.9%

Landlords 370

Landlords Agents Brokerage Supply Chain 370

Appraisal Today

DECEMBER 1, 2023

Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! baths, 2,991 square feet, 0.34

Appraisal 88

Appraisal Business Contracts Technology 88

Appraisal Buzz

JUNE 2, 2021

BLOG VIEW: On April 21, 2021, the U.S. Debt collectors often contract with third-party vendors for services such as a creating and mailing collection letters, receiving incoming phone calls, and even simple accounts receivable bookkeeping.

Business 285

Business Contracts Appraisal 285

McKissock

MARCH 2, 2021

As an experienced appraiser, you’ve likely encountered pressure to hit the purchase price or develop your appraisal based on a predetermined value. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Blog post: 9 Ways to Handle Appraisal Pressure. Video: Appraisers Who Hit Sales Prices.

Appraisal 103

Appraisal Contracts Market Value Clients 103

Appraisal Today

MARCH 22, 2024

Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! And some tips on how to keep your appraisal credentials safe. To read more, Click Here My comments: Worth reading. Good analysis of factors in comp selection.

Appraisal 66

Appraisal Contracts Business Insurance 66

Appraisal Today

SEPTEMBER 8, 2023

Problems When Appraising Airbnb & VRBO Properties by Richard Hagar, SRA Excerpts: Residential appraisers are being asked to appraise these properties, along with their elevated income, as “typical” residential properties. He is one of my go-to appraisers for these types of issues. He is an excellent teacher.

Appraisal 80

Appraisal Contracts Business Construction 80

Appraisal Today

JANUARY 19, 2024

The Sopranos – Lupertazzi’s Rough Up Appraiser To watch, click the video above. Members of the Lupertazzi Crime Family rough up an appraiser who is involved with Tony’s HUD scam. I will never forget “I’m only the appraiser!” Therefore, the appraisal industry must begin to push back.

Appraisal 73

Appraisal Contracts Real Estate Architecture 73

Appraisal Today

JUNE 23, 2023

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails.

Appraisal 86

Appraisal Real Estate Valuation Contracts 86

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. They just look at the number. .

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. They are one of the easiest adjustments to make. My market is very volatile.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Simonson Real Estate

JANUARY 25, 2022

I think we can all agree that 2021 was another year of great challenge and historic change. In this article, we will share the Twin Cities apartment market data from 2021 and give insights on what to expect in 2022. 2021 was the fifth straight year of record apartment deliveries. and dipped to about 4.25% in 4 th Quarter 2021.

Marketing 131

Marketing Construction Real Estate Lending 131

Cleveland Appraisal Blog

AUGUST 20, 2021

If you’re not an appraiser, if you are trying to figure out the value of a home, chances are good that you use a price per square foot metric. Last year, I appraised a home for a homeowner. Contrary to popular belief, good appraisers do not magically appraise homes at their contract price simply to rubber-stamp a sales price.

Appraisal 418

Appraisal Market Value Contracts Agents 418

Appraisal Buzz

AUGUST 5, 2021

HouseCanary’s latest Market Pulse report, covering 22 listing-derived metrics and comparing data between July 2020 and July 2021, has found that the while the nation’s housing supply remains a detriment for the market, net new listings and the number of listings under contract shrinking is a positive sign that is rectifying itself.

New Listings 195

New Listings Contracts Appraisal Marketing 195

Appraisal Today

SEPTEMBER 22, 2023

NAR Member Survey on Data Collectors Excerpts: In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. Brokers followed with 24%, and appraisal-certified professionals comprised 14% of the respondents. I am working on an article on Hybrid Appraisals for the November issue of Appraisal Today.

Appraisal 86

Appraisal Training Inspection Real Estate 86

Housing Wire

JANUARY 13, 2022

The Supreme Court weighed in on a class action lawsuit against Quicken Loans , now Rocket Mortgage , regarding its appraisal practices during the financial crisis, delivering a procedural win for the mortgage lender. million stemming from allegedly tainted appraisals for 2,769 mortgage loans Quicken Loans originated from 2004 to 2009.

Appraisal 407

Appraisal Law Valuation Home Value 407

Appraisal Today

OCTOBER 20, 2023

Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. The AMC stated that the lender indicated the appraisal received a high risk score by Fannie Mae. The post is long.

Appraisal 71

Appraisal Design Contracts Inspection 71

Appraisal Today

DECEMBER 8, 2023

OK to average adjusted comps on appraisal? Basic Appraisal, but not all appraisers know about this, especially if they “appraise to fit the form” aka form fillers. Worth reading, plus the appraiser comments. Click here = Appraisers vs. Lenders. One of the best I have read. What Can We Do?

Appraisal 67

Appraisal Real Estate Contracts Design 67

Appraisal Today

AUGUST 4, 2023

The End of Home Appraisals? In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting.

Appraisal 71

Appraisal Business Contracts Real Estate 71

Cleveland Appraisal Blog

MAY 18, 2023

In April, we are at the same level of total active listings that we have seen in 2021 & 2022. I just appraised a home in Parma with forty-three offers in four days. And I found sales that supported the contract price that had sold within the past month. But when appraising properties, I am seeing many homes sell much faster.

Inventory 333

Inventory Real Estate Agent Appraisal Real Estate 333